### Key Observations
1. Current Price: The price is around $2,641.86, with a minor downtrend (-0.66%).
2. 24h Range: High of $2,724.60 and a low of $2,600.01, suggesting some volatility within a limited range.
3. Moving Average (MA60): The MA60 line (approximately $2,643.89) suggests that the price is currently very close to this moving average, potentially acting as a resistance or support level.
4. Volume Spikes: There’s a notable volume spike around midnight, indicating significant buying or selling pressure.
### Trade Plan
#### For Long Position
- Entry Point: Look for confirmation if the price rises above the MA60 (around $2,644) and sustains above it with increasing volume. This would suggest potential bullish momentum.
- Take Profit (TP): Consider setting a TP around recent resistance levels, such as $2,724, or use Fibonacci retracement levels for more precise targets.
- Stop Loss (SL): Place your SL slightly below the recent low, around $2,600, to limit potential losses if the price drops further.
#### For Short Position
- Entry Point: Enter if the price consistently falls below the MA60 line (around $2,644) with volume, confirming a bearish sentiment.
- Take Profit (TP): You might aim for a TP near support levels, like $2,600, or slightly lower, depending on your risk tolerance.
- Stop Loss (SL): Place the SL a bit above the recent high or around $2,670 to avoid a larger loss if the price reverses.
### Trade Duration
- Short-term Swing Trade: Since the 15m and 1h time frames are being used, aim for a trade duration of a few hours to a couple of days.
- Long-term: Consider holding longer if the price breaks major resistance/support levels with sustained momentum.
### Risk Management Plan
If signals go against you:
1. Exit Immediately at SL: Respect the stop-loss to manage risk.
2. Reevaluate the Trend: If stopped out, reassess by checking if there’s a breakout or trend reversal. Consider re-entry with tighter SL if conditions align.
### Additional Indicators
- RSI or MACD: Adding RSI or MACD indicators can help confirm overbought or oversold conditions and the overall momentum before entering trades.
- Volume Confirmation: Enter trades only if there’s volume backing the movement, indicating that the trend might hold.
